[quote=Ren] It’s only high compared to two years ago, and only when Temecula is the only market you’re looking at. Still insanely low compared to any comparable school district anywhere in so-cal. We paid $123/sf, which seemed high to us at the time, but if you do the math ($1k mortgage for a place that will rent for $1,800+), it’s hardly a bad deal.
Two years ago you could get an awesome spread (3ksf, large lot, pool, golf course) in Temecula for $350k. Now that same house will run you $450k+. I’m seeing prices heading south again, though.[/quote]
Why the topic has shifted to Temecula when the title is about San Diego?
I think price is all relative given what you value in life. I paid for lower than $100/sf for a move-in-ready house 2.5 years ago and I still often felt that I overpaid the house. Yet, on the other side, owning a house is truly beautiful with the extra spaces and all I can do with it…besides, it helps me financially to save the rent payment each month! Now, only if I can buy a farm and save my food expenses as well…
